The firm which operates the lacking Titanic submersible took eight hours to report that it had gone lacking. The sub, run by OceanGate, went lacking on Sunday morning, one hour and 45 minutes right into a dive to the well-known wreck

The submersible went beneath the floor at 8am on Sunday morning and misplaced contact with the mothership, the Polar Prince, at round 9.45 am.

Despite the character of the state of affairs, OceanGate didn’t report that the sub had gone lacking to the US Coast Guard till 5.40pm.

Furthermore, Canada’s Coast Guard wasn’t informed in regards to the incident till practically 12 hours later, at 9.13pm on Sunday night time.

Experts say the crew, which reportedly has lower than 40 hours of oxygen remaining, has only a “one percent chance of survival”.

READ MORE: Missing crew of Titan sub 'cannot call for help' unless it floats to surface

Speaking to the Daily Mail, Lieutenant David Marquet stated: “If I was advising the Prime Minister, I’d say their chances are one percent.”

Mr Marquet’s feedback come because the coastguards main the search admit they could not be capable of rescue the crew.

During their newest replace, Captain Jamie Frederick confirmed that primarily based on an estimated 96-hour provide of oxygen, the crew had lower than 41 hours left.

This quantity isn't mounted, specialists recommend how the crew behave might have an effect on how a lot time they've left if they're nonetheless alive.

Former submarine officer Frank Owen has warned that the crew’s oxygen provides might run out quicker in the event that they transfer an excessive amount of or panic.

He informed the BBC that if the crew “start panicking or moving around too much they could exceed those rates”.

Furthermore, as some specialists concentrate on how the crew might survive or prolong their oxygen, others have spoken in regards to the difficulties in looking for the submersible and what might have brought on it to lose contact.

Former Rear Admiral Chris Parry has stated there are a number of causes, however optimistic and pessimistic, for the sub’s disappearance.

Speaking to Sky News he stated: “I mean there’s an optimistic option that is either they lost an umbilical connection with the surface or indeed there’s been a malfunction and the submersible is continuing to operate but obviously out of contact with its mother ship.

“Obviously at the other end of the scale, there could have been an accident. It could have become entangled in the wreckage of the Titanic. It could indeed have had a catastrophic failure.

“What we do know of course is the wreck site is off the Grand Banks and a long way from anywhere.

“The nearest rescue facilities will be on the east coast of the US. It’s a very difficult operation. The actual nature of the sea bed is very undulating. The Titanic herself lies in a trench.”